Failure of insurer to inform policy holders about changes in policy terms is deficiency in service: Supreme Court

The Court also held that the principle of uberrima fides i.e utmost good faith applies to insurance contracts, and prior intimation of changes in the policy terms is part of the same.
Justices km joseph, ravindra bhat and SC
Justices km joseph, ravindra bhat and SC

The Supreme Court has held that an insurer is clearly under a duty to inform policy holders about changes in terms of policy during renewal, and failure to do so would amount to deficiency in service under the Consumer Protection Act, 1986 [Jacob Punnen vs United India Insurance].

Want to read the full story?

We’re glad you’re enjoying this story. Subscribe to any of our plans to continue reading the story.

Already have an account? Sign In

Related Stories

No stories found.
Bar and Bench - Indian Legal news
www.barandbench.com